IHTM04023 - Structure of the
charge: what is a disposition?
The word disposition has its wide natural meaning and we regard
it as
- including all forms of disposals and
transfers of cash and other property, and
- including both the creation and the
release or other extinguishment of any debt or other right
enforceable against a person or his estate.
The legislation expressly defines disposition to include
- a disposition effected by associated
operations, (
IHTM14822) IHTA84/S272
- a person’s deliberate omission to
exercise a right (IHTM14810) if that omission causes the value
of
- that persons estate to diminish, and
- another persons estate (or property held on
discretionary trusts) to increase, IHTA84/S3 (3)
- certain future payments (IHTA8414871) made
more than 12 months after a transfer for partial consideration,
IHTA84/S262
- an alteration of a close company’s
share or loan capital, (
IHTM04069) IHTA84/S98,
Some dispositions are expressly prevented from being transfers
of value, see
IHTM04151.
